The joy of the 'clever' trader for his successful 10% cut loss from his initial stash was somewhat marred when he realized it was the 10th in a row.
Let's say starting with 1 BTC.. that would NOT be a 100% loss in the value from the initial stash.
Rather the final amount of the stash would be a bit more than a 65% loss from the initial stash.
Cut and pasted from my creation of a quickie Excel spreadsheet causes the pyramid of devaluation of the stash to look like this:
1 BTC
1 0.9
2 0.81
3 0.729
4 0.6561
5 0.59049
6 0.531441
7 0.4782969
8 0.43046721
9 0.387420489
10 0.34867844 BTC
Surely, I would not be advocating any practice that results in continuous losses, so let's turn the scenario into a positive rather than a negative... let's say that instead of losing 10% on each trade, you are not greedy and you figure out a way to gain .1% on each trade.. after taxes and trading fees. Of course, figuring out ways to profit are structural and depend upon how you value the wealth - whether you are stacking sats or stacking dollars and surely in bitcoin whenever you sell any BTC you have to be willing to let that BTC go.. because they price might never come back to that sales price... which means overstacking in BTC so that you are actually willing to sell it at prices that are lower than future prices.
Anyhow, because of the modesty in any plan, it takes a long time to gain value.. and if you stack for .1% profits in each trade, then after 10 trades you gain just a bit more than 1% on your trading stash...
1 BTC
1 1.001
2 1.002001
3 1.003003001
4 1.004006004
5 1.00501001
6 1.00601502
7 1.007021035
8 1.008028056
9 1.009036084
10 1.01004512 BTC
Losses are not guaranteed and gains are not guaranteed, and personally I consider the trading of BTC to be insurance rather than measurable and meaningful gains, so on a personal level, I am not really pursuing the gains.. the gains are very modest in the whole scheme of things and are a kind of side benefit... and of course, there tend to be several third party risks that come with any kind of trading, too... so surely, no walk in the park for anyone to be playing around with trading.